Method of Providing Depreciation
Method of Providing Depreciation :- there are mainly three methods of charging
depreciation as per AS 10.
1. Straight Line Method:- In
this method a fixed Amount is written off during the working life till asset
become nil. This method is simple
and accurate. This method is also
known as fixed Installment method /Original cost method. Lease holds property generally depreciated by fixed installment
method.
Cost of Assets-Scrap value
Straight
Line Depreciation = ------------------------------------------
Useful
life.
2. Reducing Balance Method/ diminishing value
method/ written down method:-- Under this method, a
fixed percentage of diminishing value of asset is written off each year. Annual
charge of depreciation decreases from year to year.
Demo Classes of Accounts (CA/CMA/CS/B.Com/11-12th) by CA/CMA Santosh Kumar Sir
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